Icahn Enterprises L.P. (IEP) vs Ultrapar Participacoes S.A. (UGP)
Icahn Enterprises L.P. and Ultrapar Participacoes S.A. are both Oil & Gas Refining & Marketing companies. Ultrapar Participacoes S.A. is the larger, with a market value of $8.0B against $4.9B — 1.6× the size. Icahn Enterprises L.P. has negative trailing earnings, so its P/E is not meaningful; Ultrapar Participacoes S.A. trades at 11.3×. Ultrapar Participacoes S.A. grew revenue faster over the last twelve months: 20.2% against 10.6%. Ultrapar Participacoes S.A. has the higher net margin (2.29% vs −4.86%) and the higher return on invested capital (15.3% vs 1.84%). Both pay a dividend; Icahn Enterprises L.P. yields more (31.1% vs 2.28%). Across the 21 metrics below, Ultrapar Participacoes S.A. leads on 16 and Icahn Enterprises L.P. on 5.
Valuation
Profitability
| Metric | IEP | UGP | Oil & Gas Refining & Marketing median |
|---|---|---|---|
| Gross margin | 14.49% | 8.44% | 12.22% |
| Operating margin | 1.07% | 4.95% | 5.35% |
| Net margin | (4.86%) | 2.29% | 2.08% |
| Free cash flow margin | (2.37%) | 5.52% | 4.25% |
| Return on equity | (18.50%) | 18.40% | 11.39% |
| Return on assets | (3.71%) | 7.25% | 5.22% |
| Return on invested capital | 1.84% | 15.25% | 11.54% |
Growth
Health
Dividend
Size
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